The merger of theme park operators Six Flags Entertainment Corp. and Schlitterbahn owner Cedar Fair L.P. is set to close July 1, they said Tuesday, signaling the new company’s impending departure from Texas. Six Flags is now headquartered in Arlington and Cedar Fair is based in Sandusky, Ohio. The new company will operate as Six Flags and be based in Charlotte, N.C.
Six Flags and Schlitterbahn owner Cedar Fair merging to create a U.S. theme park powerhouse, move HQ to North Carolina Shares in both companies jumped on news of the merger’s impending completion. Six Flags and Cedar Fair call the deal a “merger of equals” but Cedar Fair shareholders will receive 51.2% of the new company while Six Flags shareholders will get 48.8%. Richard Zimmerman, president and CEO of Cedar Fair, will keep his role.
Attendance jumps at Six Flags, SeaWorld and Cedar Fair theme parks during first quarter Six Flags also said Tuesday that it intends to pay a special dividend of $1.53 per share when the merger closes to its shareholders of record as of June 28. Shares of Six Flags rose 6.6% to $32.22 in early trading, while shares of Cedar Fair jumped 8.2% to a high of $52.21. Those were the highest prices for either company’s shares since spring of 2022.
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